Following immense criticism for sacking 300 employees for moonlighting, Indian tech giant Wirpo has now come out with a clarification saying that they would allow their employees to take up a secondary job as long they are not working for a competitor.&nbsp;

When asked for his opinion on the legality of moonlighting, Wipro CEO Thierry Delaporte called it a "question of ethics". &nbsp;

"Our contracts stipulate not taking up a side job with a competitor. It is not a question of legal (propriety); it is a question of ethics,” Delaporte told PTI news agency.&nbsp;&nbsp;

"I am not talking about things illegal. I am not talking about side jobs. I am really talking about being in an obvious situation of conflict of interest. I think that our employees understand that."&nbsp;

Wipro Chairman Rishad Premji last month revealed that around 300 employees were fired after the company claims to have found them to be working directly with rivals while being on Wipro payrolls.&nbsp;

Meanwhile, another tech company, HCL Technologies, waded into the moonlighting issuing, saying that while it does not approve of dual employment, the issue is not a major one within the company.&nbsp;

"Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing, reported PTI news agency.

(With inputs from agencies)

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Following immense criticism for sacking 300 employees for moonlighting, Indian tech giant Wirpo has now come out with a clarification saying that they would allow their employees to take up a secondary job as long they are not working for a competitor.

Following immense criticism for sacking 300 employees for moonlighting, Indian tech giant Wirpo has now come out with a clarification saying that they would allow their employees to take up a secondary job as long they are not working for a competitor. When asked for his opinion on the legality of moonlighting, Wipro CEO Thierry Delaporte called it a "question of ethics". "Our contracts stipulate not taking up a side job with a competitor. It is not a question of legal (propriety); it is a question of ethics,” Delaporte told PTI news agency. "I am not talking about things illegal. I am not talking about side jobs. I am really talking about being in an obvious situation of conflict of interest. I think that our employees understand that." Wipro Chairman Rishad Premji last month revealed that around 300 employees were fired after the company claims to have found them to be working directly with rivals while being on Wipro payrolls. Meanwhile, another tech company, HCL Technologies, waded into the moonlighting issuing, saying that while it does not approve of dual employment, the issue is not a major one within the company. "Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing, reported PTI news agency. (With inputs from agencies) WATCH WION LIVE HERE:

Wipro’s volte-face on moonlighting: Now says its fine, but there’s a catch 

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over <a href="https://www.wionews.com/business-economy/asian-shares-near-two-month-lows-ahead-of-looming-us-tariff-hike-217382">US-China trade deal </a>and continued foreign fund outflow.

After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59. The broader NSE Nifty was trading below the 11,300 level at 11,285.75.

In the previous session on Thursday, the BSE bourse closed 230.22 points, or 0.61 per cent, down at 37,558.91, and the broader NSE Nifty shed 57.65 points, or 0.51 per cent, to settle at 11,301.80.

Among the top losers in early session were HCL Tech, Asian Paints, Bajaj Finance, HUL, IndusInd Bank, PowerGrid, L&amp;T, Kotak Bank, ITC and Sun Pharma, shedding up to 4.31 per cent.

On the other hand, RIL, Tata Motors, HDFC twins, Axis Bank, Bharti Airtel, ICICI Bank and TCS were the top gainers, rising up to 1.04 per cent. &nbsp;

According to traders, investors were cautious ahead of the outcome of the 11th round of talks aimed at ending the trade war between the world's two largest economies.

Trump on Thursday accused China of trying to renegotiate a trade deal that has been negotiated after months of efforts and asserted he will not let that happen.

However, he said last night he received a "very beautiful letter" from the Chinese President Xi Jinping, and that it is possible that the US and China will enter into a trade deal.

Meanwhile, the Trump Administration Friday imposed increased tariffs on import of Chinese products over $200 billion worth from 10 per cent to 25 per cent.

Sustained foreign fund outflow too weighed on investor sentiment here, traders said.

Foreign institutional investors (FIIs) sold equity worth Rs 655.36 crore on Thursday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 677.91 crore, provisional data available with stock exchanges showed.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading higher in early trade.

On Wall Street, S&amp;P500 and Nasdaq Composite indices ended lower on Thursday.&nbsp;

On the currency front, the rupee depreciated 7 paise to 70.01 against the US dollar.

Brent crude futures, the global oil benchmark, were <a href="https://www.wionews.com/business-economy/oil-rallies-on-hopes-for-us-china-trade-deal-217381">trading 0.33 per cent lower at $70.62 per barrel</a>.&nbsp;

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow.

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow. After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59. The broader NSE Nifty was trading below the 11,300 level at 11,285.75. In the previous session on Thursday, the BSE bourse closed 230.22 points, or 0.61 per cent, down at 37,558.91, and the broader NSE Nifty shed 57.65 points, or 0.51 per cent, to settle at 11,301.80. Among the top losers in early session were HCL Tech, Asian Paints, Bajaj Finance, HUL, IndusInd Bank, PowerGrid, L&T, Kotak Bank, ITC and Sun Pharma, shedding up to 4.31 per cent. On the other hand, RIL, Tata Motors, HDFC twins, Axis Bank, Bharti Airtel, ICICI Bank and TCS were the top gainers, rising up to 1.04 per cent. According to traders, investors were cautious ahead of the outcome of the 11th round of talks aimed at ending the trade war between the world's two largest economies. Trump on Thursday accused China of trying to renegotiate a trade deal that has been negotiated after months of efforts and asserted he will not let that happen. However, he said last night he received a "very beautiful letter" from the Chinese President Xi Jinping, and that it is possible that the US and China will enter into a trade deal. Meanwhile, the Trump Administration Friday imposed increased tariffs on import of Chinese products over $200 billion worth from 10 per cent to 25 per cent. Sustained foreign fund outflow too weighed on investor sentiment here, traders said. Foreign institutional investors (FIIs) sold equity worth Rs 655.36 crore on Thursday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 677.91 crore, provisional data available with stock exchanges showed. Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading higher in early trade. On Wall Street, S&P500 and Nasdaq Composite indices ended lower on Thursday. On the currency front, the rupee depreciated 7 paise to 70.01 against the US dollar. Brent crude futures, the global oil benchmark, were trading 0.33 per cent lower at $70.62 per barrel.

Sensex, Nifty turn choppy; HCL Tech rallies 4%

Equity benchmark indices traded in the green during the&nbsp;morning session on Thursday with IT and banking stocks gaining ground.

Among the early gainers were Infosys, TCS, HCL Tech, Yes Bank, Bank of Baroda and Punjab National Bank.

At 11:15 am, the BSE S&amp;P Sensex was up 197 points at 38,329 while the NSE Nifty 50 gained 66 points at 11,511.

Shares of HCL Tech and Indiabulls Housing Finance gained nearly 3 per cent in the morning session while Yes Bank was up by 1.6 per cent.

Vedanta, Adani Ports, NBCC and Ultratech Cement also gained marginally. But Tata Motors, Bajaj Auto, ONGC, Dr Reddy Labs and Power Grid traded in the red.

Meanwhile, Asian shares declined as the dip in developed market sovereign bond yields continued to disappoint investors about the global economic outlook.

Equity benchmark indices traded in the green during the morning session on Thursday with IT and banking stocks gaining ground. Among the early gainers were Infosys, TCS, HCL Tech, Yes Bank, Bank of Baroda and Punjab National Bank.

Equity benchmark indices traded in the green during the morning session on Thursday with IT and banking stocks gaining ground. Among the early gainers were Infosys, TCS, HCL Tech, Yes Bank, Bank of Baroda and Punjab National Bank. At 11:15 am, the BSE S&P Sensex was up 197 points at 38,329 while the NSE Nifty 50 gained 66 points at 11,511. Shares of HCL Tech and Indiabulls Housing Finance gained nearly 3 per cent in the morning session while Yes Bank was up by 1.6 per cent. Vedanta, Adani Ports, NBCC and Ultratech Cement also gained marginally. But Tata Motors, Bajaj Auto, ONGC, Dr Reddy Labs and Power Grid traded in the red. Meanwhile, Asian shares declined as the dip in developed market sovereign bond yields continued to disappoint investors about the global economic outlook.

Tech, banking stocks lift Sensex by 197 points in early trading

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Wipro’s volte-face on moonlighting: Now says its fine, but there’s a catch

Sensex, Nifty turn choppy; HCL Tech rallies 4%

Tech, banking stocks lift Sensex by 197 points in early trading